Markets Business Research Reports Exclusives Economy & Finance Law & Policy

Fed Cuts Interest Rates by Half Point in Emergency Move

Fed Cuts Interest Rates by Half Point in Emergency Move: Chart

Sophie Caronello, Craig Torres

(Bloomberg) -- The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut Tuesday in a bid to protect the longest-ever economic expansion from the spreading coronavirus. The vote for the emergency cut to a range of 1% to 1.25% was unanimous. The Fed also said in the statement that the “fundamentals of the U.S. economy remain strong.”

©2020 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Railways Plans To Roll Out New-Age Vande Metro, Trials To Begin In July 2024
2
Space Enthusiasts Ask ISRO Chief If Agency Can Find Water On Moon
3
What's In Store For Healthcare Sector? | NDTV Profit
4
The Editors' Cut | Election 2024 Phase-2: What's At Stake? | NDTV Profit
5
Small & Midcap Outperformance To Reverse? | NDTV Profit